On average, the premium price of 2020 plans for the individual market will be 8.7% higher than this year’s. That number is still 1.4 % lower than what consumers paid on average in 2018. Rates in the Small Employer Market will increase on average by 1.1 percent over last year.
The New Jersey Department of Banking and Insurance was notified by the U.S. Centers for Medicare and Medicaid Services on September 24th of authorization to serve as a State-Based Exchange on the Federal Platform. DOBI plans to use $2 million dollars to fund the Navigator and the Certified Application Counselor programs for 2020, and all […]
Last week, NJBIAs Health Affairs Policy Committee met with special guests Andrea Katz, Chief of Staff at the Department of Human Services;, Andrea Martinez-Mejia, Chief of Staff at the Department of Health; and Justin Zimmerman, Chief of Staff at the Department of Banking and Insurance. During the meeting, NJBIA stressed that our members seek high […]
A national poll of 500 small- and medium-sized businesses shows healthcare costs are the biggest concern for employers and many have taken steps to lower those costs, at times by passing them on to employees through higher premiums or by reducing coverage. In addition, more than one-third of the respondents of a PublicPrivate Strategies (PPS) poll, […]
Governor Murphy signed two bills that would provide recovery of uncompensated medical expenses resulting from auto accidents. The first bill S2432 sponsored by Senator Scutari overturns the NJ Supreme Court’s recent decision in Haines v. Taft, 237 N.J. 271 (2019). In that decision, the Court limited the recovery of medical expenses, resulting from auto accidents, […]